Total Annual Fund Operating Expenses*
Class A: 1.38%
Class C: 2.13%
Class I: 1.13%
RMB Mendon Financial Services Fund
Class A: 1.79%
Class C: 2.54%
Class I: 1.44%
RMB Mendon Financial Long/Short Fund
Class A: 2.30%
Class C: 3.00%
Class I: 1.80%
*The Funds’ investment adviser, RMB Capital Management, LLC, has adopted a contractual expense limitation agreement for each fund through April 30, 2017, reducing the applicable fund’s operating expenses. This may be continued from year to year thereafter if agreed upon by all parties. In the absence of such waivers and/or reimbursements, the applicable Fund’s total return and yield would be lower.
Different classes of shares carry different fees and expenses. Class A has a maximum front-end sales charge of 5.0%, Class C has a maximum contingent deferred sales charge of 1.0%, and Class I has waived load with $1,000,000 minimum investment. Class A sales charges are waived for clients of investment intermediaries, or for those who purchase shares via no-transaction fee platforms. Each share class charges a 2.00% short-term redemption fee on proceeds from shares redeemed (either by selling or exchanging into another fund) within 30 days after purchase.
- The S&P 500 Index is widely regarded as the best single gauge of the U.S. equity market. It includes 500 leading companies in leading industries of the U.S. economy. The index focuses on the large-cap segment of the market and covers approximately 75% of U.S. The index includes dividends reinvested.
- The NASDAQ Bank Index includes securities of NASDAQ-listed companies classified according to the Industry Classification Benchmark (ICB) as Banks. The index includes dividends reinvested.
- The KBW Bank Index is an unmanaged index comprised of 24 geographically diverse stocks representing national money center banks and leading regional institutions. The index includes dividends reinvested.
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.